WELLINGTON: New Zealand’s central bank will opt for a modest 25-basis-point interest rate rise on April 13, but is set to raise by slightly more this year as a whole than previously thought to head off rapidly-rising inflation, according to a Reuters poll of economists.
The survey puts the Reserve Bank of New Zealand (RBNZ), which has already raised rates by a quarter point at each of its past three policy meetings, in a slightly more dovish mode than the US Federal Reserve, which is set to lift borrowing costs by a half point this month.